In the last trading session, 8.65 million shares of the New Fortress Energy Inc (NASDAQ:NFE) were traded, and its beta was 1.50. Most recently the company’s share price was $5.90, and it changed around $0.09 or 1.55% from the last close, which brings the market valuation of the company to $1.62B. NFE currently trades at a discount to its 52-week high of $29.46, offering almost -399.32% off that amount. The share price’s 52-week low was $4.80, which indicates that the current value has risen by an impressive 18.64% since then. We note from New Fortress Energy Inc’s average daily trading volume that its 10-day average is 11.85 million shares, with the 3-month average coming to 6.31 million.
New Fortress Energy Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.86. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended NFE as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. New Fortress Energy Inc is expected to report earnings per share of 0.02 for the current quarter.
New Fortress Energy Inc (NASDAQ:NFE) trade information
Instantly NFE has showed a green trend with a performance of 1.55% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 7.05 on recent trading dayincreased the stock’s daily price by 16.31%. The company’s shares are currently down -60.98% year-to-date, but still up 8.06% over the last five days. On the other hand, New Fortress Energy Inc (NASDAQ:NFE) is -30.63% down in the 30-day period. We can see from the shorts that 39.85 million shares have been sold at a short interest cover period of 5.37 day(s).
The consensus price target as assigned by Wall Street analysts is $13.5, which translates to bulls needing to increase their stock price by 56.3% from its current value. Analyst projections state that NFE is forecast to be at a low of $8 and a high of $19.
New Fortress Energy Inc (NFE) estimates and forecasts
The year-over-year growth rate is expected to be 9.27%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 548.09M in revenue for the current quarter. 2 analysts expect New Fortress Energy Inc to make 531.28M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 690.32M and 428.01M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -20.60%. Forecasts for the next quarter put sales growth at 24.13%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 5.11%. New Fortress Energy Inc earnings are expected to increase by 51.59% in 2025, but the outlook is negative -7.72% per year for the next five years.
NFE Dividends
New Fortress Energy Inc’s next quarterly earnings report is expected to be released on 2025-Mar-02. The annual dividend yield of the stock is 1.69 percent and its annual dividend per share was 0.10. It is important to note, however, that the 1.69% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
New Fortress Energy Inc (NASDAQ:NFE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 39.07% of New Fortress Energy Inc shares, and 76.51% of them are in the hands of institutional investors. The stock currently has a share float of 125.58%. New Fortress Energy Inc stock is held by 332.0 institutions, with GREAT MOUNTAIN PARTNERS LLC being the largest institutional investor. By 2024-06-30, it held 12.4639% of the shares, which is about 25.56 million shares worth $561.81 million.
CAPITAL WORLD INVESTORS, with 8.6787% or 17.8 million shares worth $391.19 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
New World Fund Inc and VANGUARD HORIZON FUNDS-Vanguard Capital Opportunity Fund were the top two Mutual Funds as of Jan 31, 2025 . The former held 7.65 shares worth $45.12 million, making up 2.79% of all outstanding shares. On the other hand, VANGUARD HORIZON FUNDS-Vanguard Capital Opportunity Fund held roughly 7.58 shares worth around $44.73 million, which represents about 2.77% of the total shares outstanding.
